The approach that identifies the relevant environmental factors and linking it with national accounting practices, an international grouping or pattern of development proposed is:

a.

Qualitative approach.

b.

Deductive Approach.

c.

Subjective approach.

d.

Inductive Approach.

The forward rate in a forward contract:

a.

is said to be at a discount if it exceeds the spot rate at the inception of the contract.

b.

changes as the spot rate changes.

c.

None of the above are true.

d.

is the spot rate at the expiration date of the contract.